to leave a comment.
Hello, blockchain tech influencer, a senior analyst in my 30s! Today, July 22, 2026, a lot of really interesting news has poured into our blockchain market. In particular, the changes in the regulatory environment and the movements of institutional investors are noteworthy for invigorating the market. I'll break down the complex market situation in an easy and fun way!
Bitcoin has once again surpassed $66,000, leading a positive market sentiment. This is a good sign because there have been net inflows into US spot Bitcoin ETFs for five consecutive trading days.
Especially with large capital inflows such as $116.5 million into BlackRock's IBIT and $72.7 million into Ark Invest's ARKB, institutional investors are once again showing confidence in Bitcoin.
According to Glassnode analysis, while spot trading remains sluggish, the increase in open interest (OI) in the futures market to $32 billion also indicates a recovery in speculative sentiment, which is positive.
Furthermore, the news that approximately $686 million worth of Bitcoin left major exchanges in a single day can be interpreted as whales reducing selling pressure and showing a tendency to hold for the long term.
Jack Yi, founder of LD Capital, predicted that if Bitcoin strongly breaks $68,000, any subsequent correction would not be severe, and advised considering the high expected returns of the next bull cycle rather than fixating on buying at the lowest point.
Standard Chartered also believes that Bitcoin's bottom may have already formed, with a potential to reach $100,000 this year and $500,000 in the long term, raising market expectations.
Ethereum has also broken its eight-week streak of capital outflows and regained a 10% market cap share, showing a strong rebound.
Net inflows into US spot Ethereum ETFs for two consecutive trading days, with $34.3 million into BlackRock's ETHA and $2.8 million into Fidelity's FETH, indicate that institutional interest is expanding to Ethereum.
In particular, the news that a large amount of ETH moved from an Ethereum pre-mine wallet that had been dormant for 11 years has become a big topic in the market.
The news that BitMEX co-founder Arthur Hayes re-purchased Ethereum after taking a $600,000 loss demonstrates his conviction in Ethereum's rebound.
AZTEC continues to make technological advancements by releasing its v5 alpha version, which supports fully private transactions on Ethereum Layer 2.
XRP is currently in an interesting situation where whale movements and market uncertainty intersect. The news that XRP whale volumes heading to Binance have dropped by over 95% is a positive sign that selling pressure could significantly ease.
However, the 51% drop in Upbit's trading volume suggests that domestic investors' interest may have cooled somewhat.
Nevertheless, the surge in Open Interest (OI) to $2.6 billion, reclaiming the 4th position in the derivatives market, indicates that speculative interest in XRP remains high.
Next week, on August 1st, 1 billion XRP are scheduled to be released from escrow, but most are expected to be relocked, so the impact on actual circulation and price is analyzed to be limited.
Currently, XRP has reached the end of a multi-week symmetrical triangle, and whether it breaks $1.13 will be a crucial point for a further rise to $1.30.
The US crypto market structure bill, the 'CLARITY Act,' is gaining traction, positively impacting the market. News that the White House partially conceded on provisions restricting crypto business for high-ranking government officials, including President Trump, is a significant step towards increasing the likelihood of an agreement.
US Treasury Secretary Scott Bessent also mentioned that the CLARITY Act is "at the final hurdle," raising expectations for the bill's passage.
However, it is regrettable that the American Digital Chamber of Commerce filed a lawsuit against Illinois for signing a bill imposing a 0.2% transaction tax on digital asset trades.
This case demonstrates the industry's strong opposition to differentially taxing digital assets compared to other assets and signifies that important discussions for establishing a fair regulatory environment are ongoing.
The application scope of blockchain technology is expanding further. Robinhood Chain has shown explosive growth, recording $431 million in Total Value Locked (TVL) just three weeks after its launch.
In particular, the fact that over 80% of transactions were meme coin trades reflects high interest from individual investors, and FalconX predicted that tokenized Real World Assets (RWA) will be a key driver of Robinhood Network's future growth.
Jesse Pollak, developer of Coinbase's Ethereum Layer 2 Base, announced plans to launch tokens pegged 1:1 to actual stocks with Coinbase, signaling significant advancements in the RWA sector.
It is also noteworthy that Hanwha Group has become the largest shareholder of Securitize, an RWA infrastructure company, strengthening its Web3.0 portfolio.
Telegram CEO Pavel Durov announced plans to launch the largest non-custodial cryptocurrency wallet in the Telegram ecosystem this summer, creating an environment where over 1 billion users can instantly send cryptocurrencies without fees.
The Russian State Duma has finally approved a bill regulating the cryptocurrency market, allowing cross-border payments and showing moves to incorporate cryptocurrencies into the institutional framework.
The state of Maharashtra in India is pushing for the enactment of the 'Digitalization and Exchange of Land Token Assets Act (DELTA Act)' for trading real estate as blockchain-based tokens, which is another significant development in the RWA sector.
Meanwhile, the London Stock Exchange (LSE)'s announcement of plans to support 24/7 trading starting next year is also interesting, as it aims to regain the attention of individual investors lost to always-on cryptocurrency exchanges.
Summarizing the various news we've looked at today, the blockchain market appears to be securing new growth drivers through regulatory clarity, active participation from institutional investors, and continuous technological innovation. Of course, there are still many challenges to overcome, but the market is definitely moving in a positive direction.
In particular, the steady net inflows into Bitcoin spot ETFs, Ethereum's recovery, and the remarkable development in the RWA sector will, I believe, provide us with great opportunities. Always make wise investment decisions based on cool-headed analysis and facts!
to leave a comment.